79,171 Shares in iShares Convertible Bond ETF $ICVT Bought by Mcmorgan & Co. LLC

Mcmorgan & Co. LLC purchased a new stake in iShares Convertible Bond ETF (BATS:ICVT) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 79,171 shares of the company’s stock, valued at approximately $8,059,000. iShares Convertible Bond ETF makes up 1.3% of Mcmorgan & Co. LLC’s portfolio, making the stock its 19th largest holding.

A number of other hedge funds have also added to or reduced their stakes in ICVT. Bank of America Corp DE lifted its position in shares of iShares Convertible Bond ETF by 3.2% in the 3rd quarter. Bank of America Corp DE now owns 2,647,316 shares of the company’s stock worth $264,864,000 after purchasing an additional 82,318 shares during the period. LPL Financial LLC increased its position in shares of iShares Convertible Bond ETF by 20.2% during the fourth quarter. LPL Financial LLC now owns 1,035,083 shares of the company’s stock valued at $101,956,000 after buying an additional 174,077 shares during the period. AMG National Trust Bank raised its stake in iShares Convertible Bond ETF by 7.4% in the first quarter. AMG National Trust Bank now owns 565,061 shares of the company’s stock worth $57,518,000 after buying an additional 39,016 shares in the last quarter. Greenleaf Trust raised its stake in iShares Convertible Bond ETF by 0.8% in the fourth quarter. Greenleaf Trust now owns 451,146 shares of the company’s stock worth $44,438,000 after buying an additional 3,596 shares in the last quarter. Finally, Ocean Park Asset Management LLC bought a new position in iShares Convertible Bond ETF in the first quarter worth about $42,772,000.

iShares Convertible Bond ETF Stock Performance

Shares of ICVT opened at $116.00 on Thursday. The company has a 50-day simple moving average of $119.23 and a two-hundred day simple moving average of $109.93. iShares Convertible Bond ETF has a one year low of $90.77 and a one year high of $126.56.

About iShares Convertible Bond ETF

The iShares Convertible Bond ETF (ICVT) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks an index of USD-denominated convertible bonds weighted by market value. The index contains only cash-pay convertibles and excludes mandatory and preferred convertibles. ICVT was launched on Jun 2, 2015 and is managed by BlackRock.